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NEW YORK, Dec. 1 (Xinhua) -- U.S. stocks fell Monday to begin a new month in negative territory on selling pressure largely due to disappointing sales figures of the Thanksgiving holiday.
The Dow Jones Industrial Average lost 51.44 points, or 0.29 percent, to 17,776.80. The S&P 500 dropped 14.12 points Redskin Jersey Sale , or 0.68 percent, to 2,053.44. The Nasdaq Composite Index plunged 64.28 points, or 1.34 percent, to 4 Cheap Redskin Jersey ,727.35.
The decline came after a debate resumed over whether the U.S. stock market is significantly stretched after the benchmark S&P 500 logged a roughly 14-percent gain year to date amid global growth worries as well as lingering geopolitical risks around the world.
On the previous trading day, U.S. stocks closed mixed to wrap up November on a strong note, with the S&P 500 setting an all-time intraday high of 2,075.76 points.
Responding to soft sales data of the Thanksgiving holiday, some investors took their money off the table Redskin Preston Smith Jersey , putting a damper on stocks.
The National Retail Federation said Sunday in a survey that total spending over the Thanksgiving weekend is expected to reach 50.9 billion U.S. dollars, down from last year's estimated 57.4 billion dollars, as early holiday promotions, the continued growth of online shopping and an improving economy changed the way millions of people do holiday shopping.
The world's largest retailer Wal-Mart Stores' shares slipped 1. 51 percent to 86.22 dollars apiece, while U.S. department store chain Macy's shares dipped 2.65 percent to 63.19 dollars per share.
A pair of reports indicated that U.S. manufacturing sector continued to expand but at a slower pace Redskin Brandon Scherff Jersey , failing to provide upward jolts to the stock market which wavered below flatline in the whole session.
The final reading of the U.S. Manufacturing Purchasing Managers ' Index (PMI) registered 54.8 in November, representing the weakest expansion of U.S. manufacturing output since January, said
financial data firm Markit.
According to the Institute for Supply Management, U.S. November Manufacturing PMI came out at 58.7, slight down from October's reading of 59. But the latest number still beat market expectations of 58.0.
The tech-rich Nasdaq underperformed the other two indices as shares of Apple Redskin Montae Nicholson Jersey , its largest heavyweight, lost as much as 6.4 percent early before recouping part of losses to close 3.26 percent lower at 115.05 dollars apiece.
The CBOE Volatility Index, often referred to as Wall Street's fear gauge, soared 7.20 percent to end at 14.29 on Monday.
In other markets, oil prices rebounded from a multi-year low Monday on short covering. Light Redskin Samaje Perine Jersey , sweet crude for January delivery gained 2.85 dollars to settle at 69.00 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery increased 2.39 dollars to close at 72.54 dollars a barrel.
Gold futures on the COMEX division of the New York Mercantile Exchange bounced back sharply Monday, with the most active gold contract for February delivery up 42.6 dollars to settle at 1,218. 1 dollars per ounce.
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